getting back into the BTC game

[Distinctin]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

It’s bad that you didn’t return it a year and a half ago, since then the price was 20 thousand for Bitcoin. Now is not the best time to invest, because the price has long been in the corridor between 60-70k and sometimes breaks it up and down. If you decide to buy Bitcoin, it’s better not to do it now, but at the next drop to 60, or 57k. Because at least this way you can be sure that the price will continue to rise.

However, if you are here to accumulate and hold it for long term, buying at the present price is not actually a problem. After all, you wouldn't dare to sell at a loss price so even if you try to buy a small amount with the current price, this is still considered a good buy. But if you want to wait for a little pullback of price, that's also a wise decision. You can actually make bigger profits in the future if you started buying bitcoin at an affordable price.

[newsite]

Welcome back to the crypto world! It's great to hear you're taking steps to secure your investments with a Trezor Safe 3. As for the future potential of Bitcoin (BTC), here's a balanced perspective:

Optimistic View:
Institutional Adoption: Major institutions are increasingly adopting Bitcoin, which adds legitimacy and stability. Companies like Tesla, MicroStrategy, and Square have made significant investments in BTC.
Scarcity and Demand: Bitcoin's capped supply at 21 million coins creates scarcity, which can drive up value as demand increases.
Technological Advancements: Continued development in blockchain technology and layer-2 solutions, such as the Lightning Network, improve Bitcoin's scalability and transaction speed.
Regulatory Clarity: In many regions, clearer regulatory frameworks are being established, which can reduce uncertainty and encourage broader adoption.
Cautious View:
Volatility: Bitcoin remains highly volatile, which can be a risk for investors who are not prepared for significant price swings.
Regulatory Risks: While some regions are becoming more crypto-friendly, others may impose stricter regulations or even bans, which could impact Bitcoin's market.
Market Sentiment: The crypto market is heavily influenced by market sentiment and news, which can lead to unpredictable price movements.
Competition: Bitcoin faces competition from other cryptocurrencies and blockchain technologies, which could impact its dominance and value over time.
Personal Perspective:
While I don't have personal views, it's clear that Bitcoin has both strong potential and significant risks. It's wise to stay informed, diversify your investments, and be prepared for the inherent volatility of the crypto market. If you're optimistic about the long-term prospects of Bitcoin and blockchain technology, "hodling" could be a rewarding strategy.

[Silberman]

It’s bad that you didn’t return it a year and a half ago, since then the price was 20 thousand for Bitcoin. Now is not the best time to invest, because the price has long been in the corridor between 60-70k and sometimes breaks it up and down. If you decide to buy Bitcoin, it’s better not to do it now, but at the next drop to 60, or 57k. Because at least this way you can be sure that the price will continue to rise.

However, if you are here to accumulate and hold it for long term, buying at the present price is not actually a problem. After all, you wouldn't dare to sell at a loss price so even if you try to buy a small amount with the current price, this is still considered a good buy. But if you want to wait for a little pullback of price, that's also a wise decision. You can actually make bigger profits in the future if you started buying bitcoin at an affordable price.

If a person really has the commitment to become an investor and hold for the long term, then buying at the current price is not really a problem, not only because I at least expect the price of bitcoin to double at the end of this bull run, but also because even if it did not happened, bitcoin is still one of the best assets you can buy and this is not going to change, so investing in it right now is a great move that will eventually give you the profits you are looking for.

[bubilas]

It’s bad that you didn’t return it a year and a half ago, since then the price was 20 thousand for Bitcoin. Now is not the best time to invest, because the price has long been in the corridor between 60-70k and sometimes breaks it up and down. If you decide to buy Bitcoin, it’s better not to do it now, but at the next drop to 60, or 57k. Because at least this way you can be sure that the price will continue to rise.

However, if you are here to accumulate and hold it for long term, buying at the present price is not actually a problem. After all, you wouldn't dare to sell at a loss price so even if you try to buy a small amount with the current price, this is still considered a good buy. But if you want to wait for a little pullback of price, that's also a wise decision. You can actually make bigger profits in the future if you started buying bitcoin at an affordable price.

If a person really has the commitment to become an investor and hold for the long term, then buying at the current price is not really a problem, not only because I at least expect the price of bitcoin to double at the end of this bull run, but also because even if it did not happened, bitcoin is still one of the best assets you can buy and this is not going to change, so investing in it right now is a great move that will eventually give you the profits you are looking for.

It's just better not to rush now.  The price behaves very sharply after the introduction of ETFs, and it is absolutely clear that the market has changed and the old patterns are not working. 
Price movements have become fast and recoilless, whereas before the price always adjusted its course. Therefore, it is better now to wait until 35-45k in Bitcoin to the dollar. 
I am sure this goal is close, because a sharp decline has begun.

[Marvell1]

If a person really has the commitment to become an investor and hold for the long term, then buying at the current price is not really a problem, not only because I at least expect the price of bitcoin to double at the end of this bull run, but also because even if it did not happened, bitcoin is still one of the best assets you can buy and this is not going to change, so investing in it right now is a great move that will eventually give you the profits you are looking for.

It's just better not to rush now.  The price behaves very sharply after the introduction of ETFs, and it is absolutely clear that the market has changed and the old patterns are not working. 
Price movements have become fast and recoilless, whereas before the price always adjusted its course. Therefore, it is better now to wait until 35-45k in Bitcoin to the dollar. 
I am sure this goal is close, because a sharp decline has begun.

What do you rely on to guarantee that bitcoin will drop to 35k$-45k$? Do you sell all your bitcoin and wait for it to drop in price as you predicted because that will help you buy twice as much BTC for the same amount of money? I don't know if there have been any changes since the bitcoin ETF was approved but I still want to tell you that bitcoin is still the same, unpredictable. Therefore, do not be too subjective that you understand bitcoin, understand the market and think that your prediction will definitely happen.

Like the recent adjustment when the German government sold bitcoin, many people had the same prediction as you. They thought that bitcoin would fall below $50k and they were determined not to buy when it dropped to $53k, but in the end bitcoin has unexpectedly recovered. They already regret not buying it when it was $53k and now they will have to buy it for more, so I don't think it would be a wise decision not to buy now and use DCA.

[add1ct3dd]

• Globally, I am riding the fence, since the time of the halving. The price didn't shoot up as almost everyone anticipated and bitcoin has since been struggling to set another all time high price which was naturally my expectation.

Of course and what you say is a fact and there have been consecutive events that have caused BTC prices to be depressed after the previous 73K increase where one of the triggers was the approval of the Bitcoin Spot ETF by the SEC and now the price is still in the recovery phase where the price is now around $64,250, but I still I'm sure because many are still optimistic that the BTC price will rise and move even higher after this market frenzy is over and let's wait and see whether Bitcoin will be able to reach 100K in 2024.

Another trigger of the increase is the halving. I remember the price last time was only at the $50k range but look where it was now, it was now at the $60k zone, so this is clearly a recovery. Another indications to tell is by checking the fear and greed index. I didn't checked it yet but I'm sure that the fear percentage is now on its lowest rate because like you said, many people are optimistic about BTC.

Usually this isn't just optimism alone but they can also team it up with action or through buying. As for the $100k, we are still far from it, so you are right that it's better to just wait and calm down. In fact, things are going to get faster if you don't keep on tracking them.

[irhact]

However, if you are here to accumulate and hold it for long term, buying at the present price is not actually a problem. After all, you wouldn't dare to sell at a loss price so even if you try to buy a small amount with the current price, this is still considered a good buy. But if you want to wait for a little pullback of price, that's also a wise decision. You can actually make bigger profits in the future if you started buying bitcoin at an affordable price.

Waiting isn't a word I like to hear as waiting can make you to miss buying at a more affordable price and I have heard stories of how waiting made some individuals to miss buying Bitcoin. Bitcoin dumping shouldn't scare us but give us you more reason to buy and not be scared of keep buying. I would say we buy right now and buy more if the market decides to dump but I don't think that is going to happen as we are getting more bullish due to the different events happening. Bitcoin conference is happening and there are going to be alot of speakers that will make the event to be bullish and cause some individuals to start buying as we wait for the bull market to starts officially.

[bubilas]

If a person really has the commitment to become an investor and hold for the long term, then buying at the current price is not really a problem, not only because I at least expect the price of bitcoin to double at the end of this bull run, but also because even if it did not happened, bitcoin is still one of the best assets you can buy and this is not going to change, so investing in it right now is a great move that will eventually give you the profits you are looking for.

It's just better not to rush now.  The price behaves very sharply after the introduction of ETFs, and it is absolutely clear that the market has changed and the old patterns are not working.  
Price movements have become fast and recoilless, whereas before the price always adjusted its course. Therefore, it is better now to wait until 35-45k in Bitcoin to the dollar.  
I am sure this goal is close, because a sharp decline has begun.

What do you rely on to guarantee that bitcoin will drop to 35k$-45k$? Do you sell all your bitcoin and wait for it to drop in price as you predicted because that will help you buy twice as much BTC for the same amount of money? I don't know if there have been any changes since the bitcoin ETF was approved but I still want to tell you that bitcoin is still the same, unpredictable. Therefore, do not be too subjective that you understand bitcoin, understand the market and think that your prediction will definitely happen.

Like the recent adjustment when the German government sold bitcoin, many people had the same prediction as you. They thought that bitcoin would fall below $50k and they were determined not to buy when it dropped to $53k, but in the end bitcoin has unexpectedly recovered. They already regret not buying it when it was $53k and now they will have to buy it for more, so I don't think it would be a wise decision not to buy now and use DCA.

I'm not trying to give financial advice to anyone at all, it's just what I personally would do.
Why am I thinking about falling? 
On the weekly chart of Bitcoin it is absolutely clear to see a trend that has changed and is going down. And at the moment we are at the top of this trend, so I think it can only go down further.  
Of course, it’s everyone’s personal choice to buy Bitcoin this way or through the DCA. I wish everyone profit and good luck.

[Marvell1]

...

I'm not trying to give financial advice to anyone at all, it's just what I personally would do.
Why am I thinking about falling? 
On the weekly chart of Bitcoin it is absolutely clear to see a trend that has changed and is going down. And at the moment we are at the top of this trend, so I think it can only go down further.  
Of course, it’s everyone’s personal choice to buy Bitcoin this way or through the DCA. I wish everyone profit and good luck.

If that's what you intend to do then I won't object because it's your right but I won't agree if you try to give that advice to everyone because that will most likely cause many people to miss out their investment opportunity. I have seen many Kols with millions of followers on X or telegram groups with tens of thousands of members also making predictions that bitcoin will fall to $35k or $28k...But what now? bitcoin is currently trading at $68k. Maybe many people have sold their bitcoins because of these wild predictions, and we can see how giving indiscriminate advice to others can sometimes have serious consequences. Of course, those people are foolish to rush to believe any advice without doing their own research, but it is also not good for us to give advice indiscriminately.